Paying for Health Care Over Time Simon Wren Lewis illustrates the long-run government budget constraint with this tale: There are many reasons why, outside of a recession, deficits that, if sustained, would steadily increase the debt to GDP ratio may be bad for the economy, but let me give the most obvious here. For a given […]
Four biographies for President’s Day In the past several years, I have read four biographies of overlooked or more controversial Presidents. On this President’s Day, I thought I would briefly discuss each in order of how well I thought they covered their topic. I. “The Man Who Saved the Union: Ulysses Grant in War and […]
How Pharma Influences Legislation They Do Not Like From 2006 to 2015, pharmaceutical companies spent $880 million in lobbying state and federal legislatures and contributing to campaigns to prevent laws restricting Opioid prescriptions. Their lobbying expenditures has outstripped those advocating for greater controls on prescriptions by 200 times giving them greater influence at the state […]
Shorting China I just saw “The China Hustle” as part of the Portland International Film Festival. It’s a very (very) slick documentary about the listing of fraudulent Chinese companies on US exchanges during the post-financial crisis era. The companies were mostly real, but their financial data were fictitious, although given the stamp of approval by the SEC, […]
I don’t think this is worth your time, but when I post only at rjwaldmann.blogspot.com Dan pulls the post over here so I might as well. Like many many (too many) people I am irritated by this article by Blake Hounshell. Hounshell claims to have “doubts about whether Donald Trump colluded with Russia” I have […]
I am very glad I read Alex Tabbarok’s review of “ENLIGHTENMENT 2.0: Restoring Sanity to Our Politics, Our Economy, and Our Lives,” by Joseph Heath. Tabbarok is a leading ultra pro market libertarian and “Joseph Heath is a Canadian philosopher who is unusually conversant with economics and also unusually capable of writing sparkling prose for […]
A Critical Review of Jeffrey Miron’s Call to Slash Entitlements I accused John Cochrane of incoherent babbling on the Federal deficit issue noting his update where he flip flopped: He went from fiscal policy being sober to we are in dire straights just like that! Oh my the sky is falling. We have to take away those […]
Via Naked Capitalism and published orinially at Grist Polar Ice Is Lost at Sea: Our planet reached another miserable milestone earlier this week: Sea ice fell to its lowest level since human civilization began more than 12,000 years ago. That worrying development is just the latest sign that rising temperatures are inflicting lasting changes on the […]
The Wall St. Journal quoted Peter Thiel’s business plans. It is mostly behind a paywall. Competition is for Losers If you want to create and canpture lasting value, look to build a monopoly, writes Peter Thiel By Peter Thiel Sept. 12, 2014 11:25 a.m. ET What valuable company is nobody building? […]